FIDELITY MINI S & S ISA

IT MENTIONS ON THE STATEMENT INITIAL CHARGES OF 3.25% - HE'S HAD THE ISA FOR OVER 3 YEARS - WILL THIS BE THE AMOUNT PER MONTH HE IS PAYING.

I UNDERSTAND THIS IS VERY HIGH AND CAN LOWER ANY PROFITS.

3.25% is actually below average for an advice product. Most of the banks & B/socities charge 5-6%

However, you can purchase online with no initial charge so you can avoid that.

WOULD HE BETTER OFF STARTING A NEW TRACKER WITH VERY LOW CHARGES - I'VE READ THAT THESE ARE BEST FOR LONG TERM INVESTMENTS

One of the highest charged funds is the fidelity special situations. It is also one of the top performing uk funds and has wiped the floor with trackers. I suggest you read some of the recent threads on trackers which highlight the bad points. Too often certain websites focus on the good points, such as low charges and ignore the bad points.

if your husband wants to pay £200pm, i would suggest he considers pay £50 into 4 funds with a funds supermarket provider (such as fundsnetwork, cofunds, selestia) as this will allow a large selection of funds with one provider and he can diversify the investment which is far more important than saving 0.5% a year on charges.

Its a good fund historically. I have a chunk of my pension in that fund. However, putting all your eggs in one basket is the old fashioned way. At £200pm he can have 4 funds. I would suggest 4 funds as you spread the risk and reward.